InfraCo Africa invests in Acorn Holding’s $10m REIT for affordable student accommodation in Nairobi, Kenya
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has subscribed to the Acorn Holdings Real Estate Investment Trust (REIT) committing to support the delivery of affordable student accommodation in Nairobi.
Deutsche Bank announced the closing of two lending facilities with the Republic of Ghana. The €150 million financing agreements, guaranteed by the Italian Export Credit Agency SACE, will fund the construction and equipment of two infrastructure projects.
Considering the annual remittance of about $24 billion from the diaspora, Novarick Homes, a property development company has unlocked new investment opportunities for this year.
Energean announced that AbuQir Petroleum, a Joint Venture between Energean and EGPC, signed an integrated EPCI iEPCI contract to global offshore services provider TechnipFMC for a subsea tie-back located offshore Egypt.
While overall transactions dropped by eight percent in sub-Saharan Africa in 2020, in Mozambique, the number of transactions rose, with 12 deals reported compared to only four deals in 2019, according to a Baker McKenzie analysis.
Unity Homes, a developer of inclusive residential communities, and Rendeavour, Africa's new city builder, are expanding their partnership from Kenya to Nigeria with a 576-unit apartment complex in the Lekki Free Zone in Lagos.
East African planning, design, architecture and engineering team FBW Group has been appointed to masterplan the expansion of the University of Global Health Equity (UGHE) in Rwanda.
The European Bank for Reconstruction and Development (EBRD) is supporting the construction of a dry port and logistics centre in 10th of Ramadan City, Egypt, with a €1 million contribution to project preparation and procurement.
The African Development Bank (AfDB) is financing the construction of the second phase of the Public Health Emergency Operations Center (PHEOC) in Juba, South Sudan.
Harith General Partners, which funds infrastructure development across Africa, is pushing ahead with plans to build the first gas-fired power plants in South Africa’s industrial hub of Gauteng and is exploring options to source the fuel.
In spite of the particularly challenging international economic situation arising from the health crisis, the Republic of Djibouti has entered the year 2021 with determination.
Africa has been betting on data and technology to transform transport infrastructure which continues to boost trade and enhance integration.
The JSE listed specialist logistics property fund, Equites, announced it has sold two high-quality UK distribution warehouses to real estate funds managed by Blackstone for £43.4 million.
Nigeria government has announced that it has approved N204 Million for design and deployment of a web-based management system that will be used to monitor highway construction.
ChemPoint.com announced that allnex has chosen ChemPoint for marketing, sales, and distribution of the UVEKOL glass laminating system in Europe, the Middle East, and Africa (EMEA).
InfraCo Africa, Global Logistics Services to commence construction on Liberia Inland Storage Facility project
InfraCo Africa and Global Logistics Services have signed an Engineering, Procurement and Construction contract with Liberian contractor, BMC Group, to enable construction to commence on the Liberia Inland Storage Facility project.
The National Authority for Tunnels, a governmental authority under the jurisdiction of the Ministry of Transport of Egypt, and Siemens Mobility signed an MoU to design, install and commission Egypt’s first ever high-speed rail transportation system.
Acrow, an international bridge engineering and supply company, announced it has provided 26 modular steel bridges to the National Road Administration of Mozambique, to restore vital transportation routes damaged by cyclones in 2019.
Reconstruction of road and rail links in the Madagascan capital Antananarivo will be accelerated following the disbursement of €16.4 million by the European Investment Bank.
SOFEC announced first steel was cut on December 26th, 2020 for the turret mooring system for the RSSD Joint Venture FPSO External Turret Mooring System Project destined for the Sangomar Field Development offshore Senegal.
Reganosa awarded contract to operate sub-Saharan Africa's first offshore LNG receiving terminal in Ghana
Reganosa has been awarded the contract to operate and maintain a liquefied natural gas (LNG) regasification terminal in Tema, Ghana.
Enel Green Power (EGP), signed an agreement with a subsidiary of Qatar Investment Authority (QIA) for a joint venture partnership aimed at financing, building and operating renewable projects in Sub-Saharan Africa.
The European Bank for Reconstruction and Development (EBRD) is breaking fresh ground with a $12 million loan to Al Dau Al Haram for Hotel Operations for the regeneration of a brownfield site into a Hyatt Regency hotel in Egypt.
BUA Cement signed an agreement with Sinoma CBMI of China for the construction of three new cement plants of 3million tonnes each per annum in Edo, Sokoto and Adamawa states of Nigeria to be completed by the end of 2022.
The African Development Bank (AfDB) approved a loan of $42.9 million to finance the second phase of a major power transmission and interconnection project in Madagascar.
Pan African Resources, juwi South Africa partner for construction of solar photovoltaic plant at Evander Mines
Pan African Resources has entered into an engineering, procurement and construction agreement with juwi South Africa to construct its 9.975MW solar photovoltaic plant at Evander Mines.
African Infrastructure Investment Managers (AIIM), Africa infrastructure-focused private equity fund managers, has successfully completed a capital increase of $80 million for its flagship pan-African infrastructure fund, AIIF3.
The European Bank for Reconstruction and Development (EBRD) is promoting the expansion of renewable energy in Egypt by supporting one of the first green private-to-private projects in the country, with an initial $4.2 million loan to TAQA PV for Solar Energy.
The African Development Fund (ADF) approved a loan of $71.5 million to pave sections of two roads in southwestern Uganda, a project expected to boost livelihoods, school attendance and rural connectivity.
American Homebuilders of West Africa, AHWA, has announced that it had closed on an acquisition of new land in Maneah in the Conakry suburbs.
TechnipFMC has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC).
The African Development Bank approved a $120 million loan to fund the construction of a 50 MW hydropower plant in Western Tanzania.
Housing Finance Bank Uganda and Agence Française de Développement signed two financing agreements of €10.5 million to support the development of a housing finance offer adapted to the needs of the populations all over Uganda.
Elsewedy Electric, wires & cables and Integrated energy solution provider in Middle East and Africa, announced its subsidiary Elsewedy Electric for Trading & Distribution, signed new EPC contracts with the Egyptian Electricity Transmission Company.
The OPEC Fund for International Development (the OPEC Fund) has signed a $20 million public sector loan agreement with Senegal to co-finance a project that will boost food security.
Internationally diversified gold producer Nordgold, has equipped its new West Africa Training Centre located near the Lefa mine in Guinea, with a CYBERMINE Full-Mission Simulator.
The Free State-based Botshabelo Industrial Park has attracted investments to the tune of more than half-a-billion rand because of the revitalisation programme being rolled out in the park by the Department of Trade, Industry and Competition (the dtic).
Mozambique’s President H.E. Filipe Nyusi and the French Ambassador to Mozambique David Izzo launched construction for the country’s second photovoltaic solar power plant, located in Metoro, north of Mozambique.
Angola’s state-run oil company Sonangol and Gemcorp, a trade and investment group in emerging markets, in alignment with the national oil company, took the final investment decision for the construction of the Cabinda Refinery.
Asonha Energie signed a turnkey contract with Chinese engineering and construction firm Sinohydro for the development of the 35-MW Kinguélé Aval hydroelectric dam in Gabon.
Shelter Afrique Board has approved the development of the Kinyinya Park Estate Project- a 10,000 integrated and sustainable large scale housing project in Kigali.
Following the signing of the contract with the China Harbour Engineering Company (CHEC) in August, construction works have now officially begun for the Côte d’Ivoire Terminal (CIT), Abidjan’s second container terminal.
Eos Energy Storage LLC, has announced an expansion of its partnership with Nayo Tropical Technology Ltd., a West African mini-grid engineering, procurement, and construction company.
Mabati Rolling Mills (MRM), a member of the Safal Group, launched SAFBUILD manufacturing plant at its Athi River facility in Kenya.
A new World Bank report identifies agribusiness, entrepreneurship, apprenticeship, construction, tourism and sports as key sectors that can offer increased employment opportunities for Ghanaian youth.
As part of efforts to ensure a hitch-free movement around the Victoria Island, Lekki Axis, Access Bank commissioned its Oniru road project with the Executive Governor of Lagos State, Babajide Sanwo-Olu.
Islamic Development Bank approves $320.6m for development projects in Sierra Leone, Burkina Faso, Yemen and Indonesia
The Islamic Development Bank approved $320.56 million in financing to new development projects in water and sanitation, health, roads and women empowerment in Sierra Leone, Burkina Faso, Yemen and Indonesia.
The U.S. administration has decided on a plan that entails the suspension of financial assistance for Ethiopia due to the country’s dispute with Egypt and Sudan over the Grand Ethiopian Renaissance Dam project.
DOF Subsea has been awarded an integrated Field Support Vessel (FSV) contract with an international oil company in Angola.
Algeria’s national hydrocarbons company, Sonatrach, signed six contracts worth approximately $521 million with its subsidiaries as well as other Algerian companies within the framework of the development of gas and oil fields in the west of the country.
The World Bank approved $750 million financing to improve the movement of people and goods, digital connectivity and access to social services for over 3.2 million people living in Kenya's North Eastern region
International events company dmg events, has acquired Addisbuild, the longest-running building and construction exhibition in Ethiopia.
The China Harbour Engineering Company (CHEC), signed contracts for the construction of Abidjan’s second container terminal, known as Côte d’Ivoire Terminal (CIT), scheduled to be operational at the end of 2021.
Construction works for phase 1 of a 600 MW photovoltaic plant in the Menkao district of Kinshasa, Democratic Republic of Congo (DRC), was launched by H.E. President Felix Tshisekedi.
The Egyptian Electricity Transmission Company (EETC) has decided to cancel a recently launched tender for the construction of a 200 MW solar PV project in the West Nile region of Egypt.
The Interministerial Committee on Railway Infrastructure, COMIFER, chaired by the Transport Minister, has noted the completion of the renovation work on 13 railway bridges.
South African civil and structural engineering consulting firm, Malani Padayachee & Associates (MPA) and investment holding company, Motseng Women Investments announced the acquisition of 100% equity of Mott MacDonald Africa.
The Global Road Safety Facility (GRSF) and the United Nations Road Safety Fund (UNRSF) will jointly support a comprehensive evaluation of the first global deployment of the Ten Step Plan for Safer Road Infrastructure in Tanzania.
The World Bank approved a $150 million International Development Association credit to improve tenure security and access to basic services for 1.7 million residents living in selected Kenya’s urban informal settlements.
Jack Ma Foundation’s Africa Netpreneur Prize Initiative selects Top 50 Finalists of 2020 Africa’s Business Heroes Competition
The 2020 Africa’s Business Heroes prize competition has shortlisted the top 50 finalists from stage one of the selection process.
Vantage Capital announced that it has provided R82 million of mezzanine funding for the development of Kayalane Heights, a first-of-its-kind affordable housing development located in Lebowakgomo, Limpopo.
IFC announced a $12 million loan to Rider Iron and Steel Ghana to support the company’s construction of a steel manufacturing plant that will increase Ghana’s domestic steel production, creating thousands of jobs.
The Japan Bank for International Cooperation (JBIC) signed a loan agreement in Mozambique LNG project financing amounting up to $3 billion.
BESIX, together with its partner Mota-Engil, will design and build all permanent marine facilities of the Mozambique LNG Gas Development Project.
Guinea will join one of the largest affordable housing initiatives in the world, following a new agreement that will see some 200,000 affordable homes built over the next 10 years.
West Africa’s premier connectivity and data center solution provider MainOne has commenced construction activities on the project with official site groundbreaking at the Appolonia City enclave in Ghana.
Gates Corporation, a leading global provider of application-specific fluid power and power transmission solutions, announced that Josef Parzhuber has joined the organization as president, EMEA.
Saipem, in joint venture with Daewoo E&C Co. and Chiyoda Corporation (SCD JV), has been awarded by Nigeria LNG Limited the contracts for the Engineering, Procurement & Construction of the Nigeria LNG Train 7 Project.
The African Development Bank (AfDB) has imposed a 13-month debarment on Entreprise de Travaux et d’Etudes de Projets (ETEP) SA, a civil engineering company registered in Tunisia, for engaging in sanctionable practices in Mali and Guinea.
African Development Bank donates $1.67 million for preparatory study of dams construction in Eswatini
The African Development Bank approved a donation of 1.67 million US dollars (1.2 million Units of Account) for the realization of a study on the Mkondvo-Ngwavuma Water Resources Development Program in Eswatini.
MIGA has issued guarantees in support of the construction, ownership and operation of two solar photovoltaic power plants in South Africa’s Northern Cape, and two wind power plants in the Eastern and Western Capes.
The African Development Bank has approved grants worth €40.94 million for the construction of a bridge to connect Cameroon and Chad across the Logone river.
Acting Communications and Digital Technologies Minister has signed and gazetted directions allowing electronic communication services and network services, advertising agencies, film and television production companies to resume operations.
About 1.5 million more South Africans will from 1 May return to work as government begins to lift a fraction of COVID-19 lockdown regulations.
[South Africa] Construction, manufacturing businesses temporarily halt operations amid Covid-19, survey
The results of a rapid response survey conducted by Stats SA during the lockdown was has been released.
The OPEC Fund for International Development has approved more than US$390 million of new funding to support operations in developing countries across the globe.
EAIF has been appointed joint mandated lead arranger (JMDA) of the US$30 million debt finance package being raised by Tembo Power to build the Kaptis hydro-electric power plant in Western Kenya.
[Uganda] AfDB places Zhongmei Engineering on 12 months conditional non-debarment for fraudulent practice
The African Development Bank (AfDB) has announced a 12-month conditional non-debarment of Zhongmei Engineering Group, an engineering company registered in Uganda.
EXIM approves $91.5 million in U.S. export financing for renewable energy rural electrification project in Senegal
The EXIM approved approximately $91.5 million in loan guarantee financing that supports U.S. exports of design engineering and construction services to the Republic of Senegal.
The Government of Mozambique and the African Development Bank have signed a protocol agreement for a $34 million grant for the paving of the 35-km Nambungali-Roma road.
The Government of Mozambique and the African Development Bank signed a protocol agreement for a $34 million grant for the paving of the 35-km Nambungali-Roma road to facilitate trade and promote social inclusion of local communities.
The EBRD is helping to develop the olive oil sector in Morocco with a loan of up to MAD 55 million to Al Dahra Holding subsidiaries, Al Dahra Morocco Factories and Al Dahra Morocco.
The World Bank has announced additional financing of US$500 million to support ongoing efforts to improve the affordability of formal housing for low-income households in Egypt.
African Development Bank renews risk participation agreement for trade finance with Sumitomo subsidiary
The Board of Directors of the African Development Bank approved a $200 million Trade Finance Risk participation agreement (RPA) between Sumitomo Mitsui Banking Corporation Europe (SMBCE) and the African Development Bank.
The African Development Bank (AfDB) and the government of Mali signed a financing agreement for the construction of the Bourem-Kidal road, 285.83 km long and nicknamed "national unity road".
Asia’s agribusiness group Wilmar International has confirmed that the construction of the $81 million Wilmar Processing South Africa project is set to start this month and will be complete in April 2020.
The Development Bank of Southern Africa (DBSA) has signed a development loan facility of R480 million with the University of Limpopo (UL).
From cloud computing and artificial intelligence (AI), to 5G and mobility, a key trend in 2020 is the accelerated digitization of construction companies.
The Transmission Company of Nigeria (TCN) signed an MoU with the Government of Ekiti State on the construction of the Ado Ekiti – Ilupeju and Ado Ekiti – Ijesha Ishu 132/33kV Transmission line.
Keppel Offshore & Marine through its wholly-owned subsidiary Keppel Shipyard, has delivered the world’s fastest brownfield FPSO vessel modification and upgrading project to be deployed in Anyala-Madu field, Nigeria.
The UK Prosperity Fund, in partnership with Future Cities South Africa is launching their Future Cities Programme in three of South Africa’s major city municipalities; Cape Town, Johannesburg and Durban.
South Africa’s energy transition is poised to unlock economic growth and deliver thousands of much needed new jobs, at a time when the country faces staggering unemployment rates that threaten to continue well into the new decade.
The Government of Tanzania Ministry of Finance has signed a facility agreement with Standard Chartered Tanzania for a $ 1.46 billion term loan financing to fund the construction of the Standard Gauge Railway.
The EIB and the Egyptian Ministry of International Cooperation have signed an agreement to provide up to EUR 1.5 million for a Feasibility Study for the Tanta-El Mansoura-Damietta Rail project.
Haejeon Industrial Co., Ltd. has secured a $18.3 million contract to construct a large dam in Mali, Africa in a joint venture with industry partner Samsung C & T Corp.
Banque Misr signed a cooperation protocol with the Social Housing Fund, Real Estate Finance and Misr Express for Development and Trade (Zaher), to fund for housing units for low-Income earners in Egypt.
The African Development Fund (ADF) has approved a $34.74 million grant and loan to boost renewable energy access and promote an attractive investment climate in Liberia.
The construction of the Inlanganisela Yabomake Trade Hub in Manzini, of the Kingdom of Eswatini has reached an advanced stage with over 70% of works being completed.
Sasol’s Group Technology announces the signing of partnership framework agreements with the Engineering Contractors (ECs) Wood South Africa (Pty) and Worley Matasis (Pty).
Gigawatt Global’s 7.5MW solar plant in Burundi becomes the first grid-connected project supported by the Renewable Energy Performance Platform (REPP) to begin full construction.